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Property profile & analytics
FOR SALE
Office buildings
123 S Main St Cedar Springs, MI 49319
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1066383
For Sale
1 / 25
$289,000
123 S Main St, Cedar Springs, MI 49319
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
1,943 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B-2
APN
41-02-25-485-005
UPID
US43-1066383
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
123 S Main LLC · 1 yrs held
123 S Main LLC
since 2025
7 recorded transactions
Zoning & alternative use
B-2 · Cedar Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$3,084
Tax year 2019
Assessed value
$95,700
Assessed 2023
Previous assessed
$99,600
-3.9% YoY
Effective rate
3.22%
On assessed value
Total market value
$191,400
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Heating
FORCED AIR
Buildings
4
Stories
2
Total area
1,943 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B-2
APN
41-02-25-485-005
UPID
US43-1066383
Jurisdiction
KENT
Zoning & alternative use
B-2 · Cedar Springs, MI
Zoning B-2 · permitted uses
B-2 · Cedar Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
2
Buildings
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
123 S Main LLC
Entity
Mailing address
PO BOX 7TH 7, CEDAR SPRINGS, MI 49319-0007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
123 S Main LLC
Jestva Holdings LLC
Deed
—
Nov 17, 2021
—
Jestva Holdings LLC
Marilyn Mae Mcbridge Trust
Warranty Deed
$121,600 · Lake Michigan Cu
Aug 27, 2007
—
Mary M Arnold
Arnold,douglas S
Quit Claim Deed
related
—
Aug 10, 2007
$91,200
Mcbride Marilyn M Trust
Cronkright Properties INC
Warranty Deed
$21,200 · Cronkright Properties INC
Feb 11, 2004
$35,000
Cronkright Properties
Thompson,brian
Grant Deed
—
Feb 11, 2004
$45,000
Brian Thompson
Johnson,donald C
Grant Deed
—
—
—
Cronkright Properties INC
—
Deed Of Trust
related
$43,800 · Valley Ridge Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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